Alexander Hamilton Papers
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From Alexander Hamilton to Oliver Wolcott, Junior, [28 July 1796]

To Oliver Wolcott, Junior

[New York, July 28, 1796]

Dr. Sir

I have not lost sight of the negotiation with the Bank1 though it labours & I have thought it best to let it lie bye till the President2 returns. Mc.Cormick3 is violent against it & plays on little jealousies, & what is still more efficacious private interests; representing the consequent inability of the Bank to accommodate the Merchants, many of whom from the unfortunate issue of some late speculations are likely to want much aid.

Yrs. truly

A Hamilton

Ol Wolcott Esq

ALS, Connecticut Historical Society, Hartford.

1The Bank of New York. See Wolcott to H, June 28, 1796; H to Wolcott, July 7, 8, 15, 1796.

2Gulian Verplanck.

3Daniel McCormick, a New York City merchant, was a director of the Bank of New York.

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